China-based smart home platform developer LifeSmart has closed a RMB 60m ($9.4m) series A round featuring electronics contract manufacturer Foxconn, Technode has reported.
Haier SAIF, an investment joint venture formed by consumer electronics company Haier and private equity firm SAIF Partners, also took part in the round.
LifeSmart is working on internet of things products that automate and monitor the home, keeping the owner updated through a smartphone app. The product offering includes a motion sensor, a camera, a humidity meter, LED lights and other items.
LifeSmart will use the money for international expansion as well as research and development, marketing efforts, branding and the hiring of more staff.
The company received RMB 10m in seed funding in 2014. It has also entered partnerships with real estate firms Vanke and Jinmao, and telecommunications companies Sprint and China Unicom.